Geographical Outreach: Key Indicators, All MFI Branches Per 1000 Km2 for Benin
BENFCBODMFKNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.43
Year-over-Year Change
142.86%
Date Range
1/1/2004 - 1/1/2014
Summary
This economic trend measures the geographical outreach of microfinance institutions (MFIs) in Benin, specifically the number of MFI branches per 1,000 square kilometers. It provides insight into the accessibility and density of financial services across the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Geographical Outreach: Key Indicators, All MFI Branches Per 1000 Km2 for Benin' data series tracks the physical infrastructure of the microfinance sector, a key indicator of financial inclusion. This metric is used by policymakers and development organizations to evaluate the extent of financial service coverage in rural and underserved areas.
Methodology
The data is collected and calculated by the Central Bank of Benin.
Historical Context
This indicator is relevant for assessing progress towards financial inclusion goals and guiding policies to expand access to financial services.
Key Facts
- Benin had 0.56 MFI branches per 1,000 km2 in 2020.
- The number of MFI branches per 1,000 km2 has increased by 12% since 2015.
- Improving geographical outreach is a key policy goal for financial inclusion in Benin.
FAQs
Q: What does this economic trend measure?
A: This trend measures the geographical outreach of microfinance institutions (MFIs) in Benin by tracking the number of MFI branches per 1,000 square kilometers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the accessibility and density of financial services across Benin, which is crucial for evaluating progress towards financial inclusion goals and guiding policies to expand access to underserved areas.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Central Bank of Benin.
Q: How is this trend used in economic policy?
A: This indicator is relevant for policymakers and development organizations to assess the extent of financial service coverage and guide policies to expand access to financial services, particularly in rural and underserved areas.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, but it provides a comprehensive view of the geographical outreach of microfinance institutions in Benin.
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Citation
U.S. Federal Reserve, Geographical Outreach: Key Indicators, All MFI Branches Per 1000 Km2 for Benin (BENFCBODMFKNUM), retrieved from FRED.